FMR LLC lifted its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 34.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,381,150 shares of the restaurant operator's stock after acquiring an additional 356,456 shares during the period. FMR LLC owned 1.63% of Bloomin' Brands worth $22,830,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of BLMN. D.A. Davidson & CO. purchased a new position in Bloomin' Brands in the third quarter valued at approximately $402,000. Dynamic Technology Lab Private Ltd purchased a new position in Bloomin' Brands in the third quarter valued at approximately $1,064,000. Charles Schwab Investment Management Inc. raised its holdings in Bloomin' Brands by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,255,059 shares of the restaurant operator's stock valued at $20,746,000 after buying an additional 70,925 shares during the period. Intech Investment Management LLC acquired a new stake in Bloomin' Brands in the third quarter valued at approximately $339,000. Finally, Advisors Asset Management Inc. grew its position in shares of Bloomin' Brands by 176.0% during the third quarter. Advisors Asset Management Inc. now owns 167,495 shares of the restaurant operator's stock worth $2,769,000 after buying an additional 106,804 shares in the last quarter.
Bloomin' Brands Stock Up 3.5 %
Shares of Bloomin' Brands stock traded up $0.45 during trading on Tuesday, hitting $13.17. 2,175,850 shares of the stock traded hands, compared to its average volume of 1,533,912. The stock has a market cap of $1.12 billion, a P/E ratio of -119.72 and a beta of 1.95. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin' Brands, Inc. has a twelve month low of $12.26 and a twelve month high of $30.13. The company has a fifty day moving average price of $14.88 and a two-hundred day moving average price of $17.09.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company's quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.
Bloomin' Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.29%. Bloomin' Brands's dividend payout ratio (DPR) is presently -872.65%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BLMN shares. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Barclays decreased their price target on shares of Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Citigroup decreased their price target on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, August 19th. Bank of America decreased their price objective on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $19.09.
View Our Latest Stock Report on BLMN
About Bloomin' Brands
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Free Report)
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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